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General information

MRSK Yuga PJSC transmits and distributes electric power to private and industrial customers. The Company offers its services throughout Russia.
  • Good financial results growth rate 35.2% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (38.9%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield -14.5% (LTM)
  • Share price is 126.0% higher than minimum and 38.9% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (1.8x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials (Download financials)

Ticker: MRKY
Share price, RUB:  (+0.5%)0.0705
year average price 0.0701  


year start price 0.0606 2024-11-10

min close price 0.0418 2024-12-17

max close price 0.0936 2025-09-01

current price 0.0705 2025-11-09
Common stocks: 82 039 600 000
Dividend Yield:  0.0%
FCF Yield LTM: -14.5%
EV / LTM EBITDA:1.8x
EV / EBITDA annualized: 3.0x
Last revenue growth (y/y):  47.8%
Last growth of EBITDA (y/y):  22.7%
Historical revenue growth:  13.0%
Historical growth of EBITDA:  64.8%
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
Fundamental value created in LTM:
 Mult Upside+214.5%
 FCF Creation-14.5%
 Growth+35.2%
 Growth Corr-3.7%
 
 Sum+231.6%
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 5 784
Net Debt (m RUB): 23 352
EV (Enterprise Value): 29 136
EBITDA LTM (m RUB): 15 753
Net Income LTM (m RUB): 6 430
EV / LTM EBITDA: 1.8x
Net Debt / LTM EBITDA (if EBITDA > 0): 1.5x
Average daily trading volume for the week, RUB mln: 2
P / E 0.9x
P / E ann-d4.8x
P / B 0.6x
EBITDA margin ann-d 13.6%
Net income margin ann-d 1.7%

Revenue and EBITDA

Quarterly values (m RUB)

Change (y/y)

Cash Flow

FCF (m RUB), before FX effects elimination

Net Debt / Cash and Equivalents (m RUB)

Share price and dividends (Download history)

Share price

Payment RUB per share

Multiple and potential

EV / LTM EBITDA and 50% percentile

Potential dynamics

Daily trade volumes

Millions of RUB

P/B and P/E multipliers

P / B

P / E

MSFO data *The values are shown in mln. The % change shows the difference from the same period last year

View as Pivot Table       Export as Pivot Table (xlsx)



Income


Q Revenue Gross profit Operating income Net income PercentProfit PercentLoss
 
2025 q2 17 807+48%   1 614+21% 299-30%   -1 097+41%
2025 q1 20 364+49%   2 614+48% 1 113+62% 171+124% -1 031+33%
2024 q4 14 983+24%   5 792<-100% 3 480<-100% 128+6% -914+40%
2024 q3 15 711+21%   2 804+11% 1 5370%   -807+54%
2024 q2 ( 8983 , 9273 ) 12 050-1%   1 335+4% 428-35% 103+45% -777+78%
2024 q1 13 668+3%   1 770-28% 685-56% 76-10% -776+76%
2023 q4 12 092+1%   -184-55% -725-30% 121+53% -652+41%
2023 q3 13 010+17%   2 533+61% 1 537+97% 75-38% -5240%
2023 q2 12 162+22%   1 282+8% 662+100% 71-63% -437-37%
2023 q1 13 278+19%   2 442>+200% 1 540>+200% 85-33% -441-16%
2022 q4 11 941<-100%   -406-94% -1 030-83% 79-41% -461+15%
2022 q3 11 131+4%   1 575+22% 781-21% 122-12% -525+37%
2022 q2 9 939-2%   1 184-12% 332-54% 193+53% -698+90%
2022 q1 11 132+4%   675-41% 256-63% 126-25% -526+54%
2021 q4 -5 000<-100%   -6 825<-100% -6 131>+200% 134 -400<-100%
2021 q3 10 699+7%   1 286<-100% 991<-100% 138+103% -383-20%
2021 q2 10 119+17%   1 348<-100% 715+37% 126 -368-19%
2021 q1 10 715+6%   1 141-9% 692>+200% 168+161% -343-47%
2020 q4 12 355+17%   7 490+92% -1 326-69%   357<-100%
2020 q3 9 993+7%   -32<-100% -479<-100% 68-36% -480-8%
2020 q2 8 643-1%   -8 447+4% 523>+200%   -455-30%
2020 q1 10 103+6%   1 259-4% 65-87% 64+137% -646+4%
2019 q4 10 533+9%   3 898>+200% -4 345>+200% 110>+200% -286-56%
2019 q3 9 298+3%   1 078-5% 540+48% 106>+200% -5190%
2019 q2 8 692+5%   -8 120<-100% 42-91% 197>+200% -649+2%
2019 q1 9 494-1%   1 308+72% 499>+200% 27-50% -624+3%
2018 q4 9 669<-100%   578<-100% -206<-100% 12<-100% -651<-100%
2018 q3 9 0400%   1 136-49% 366-77% 35+44% -519-11%
2018 q2 8 274+3%   1 331-98% 496-97% 10-40% -635-98%
2018 q1 9 562+11%   761<-100% 64<-100% 55>+200% -606-13%
2017 q4 2 402 967   215 888<-100% 35 070<-100% 5 813 -180 543>+200%
2017 q3 9 007+15%   2 210+83% 1 578>+200% 24-14% -582-16%
2017 q2 8 004+13%   68 349<-100% 15 622<-100% 16-34% -37 328>+200%
2017 q1 8 636   -8 329<-100% -366<-100% 12-55% -693+10%
2016 q4     -94<-100% -1 339<-100%   -771+22%
2016 q3 7 8060%   1 210+54% 271+142% 28+77% -693+9%
2016 q2 7 099-6%   -330<-100% -595>+200% 24-7% -661+2%
2016 q1     1 083+1% 317-10% 28+77% -6330%
2015 q4 7 810+16%   786<-100% 112-7% 16 -634+49%
2015 q3 7 810+16%   786<-100% 112-7% 16 -634+49%
2015 q2 7 536+5%   377-20% -139-16% 26+185% -647+31%
2015 q1 7 226+1%   1 077+132% 351<-100% 16+72% -633+29%
2014 q4 6 708-6%   -8 569<-100% 120+25%   -425-3%
2014 q3 6 708-6%   -8 569<-100% 120+25%   -425-3%
2014 q2 7 188+22%   469+23% -166+75% 9-37% -495+16%
2014 q1 7 188+22%   464+22% -166+75% 9-37% -490+15%
2013 q4 7 135+18%   656<-100% 96-37% 12 -440+17%
2013 q3 7 135+18%   656<-100% 96-37% 12 -440+17%
2013 q2 5 904-4%   381-63% -95<-100% 14+110% -425+16%
2013 q1 5 904-4%   381-62% -95<-100% 14+110% -425+24%
2012 q4 6 052   -7 604 152   -377
2012 q3 6 052   -7 604 152   -377
2012 q2 6 130+1%   1 038<-100% 548<-100% 7-29% -367-8%
2012 q1 6 130   1 000 536 7 -343
2011 q4            
2011 q2 6 091   -601 -734 10 -398


Balance


Implied interest rate for 2025 q2:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (1 097 - 0) * 4 / (23 352 - 0)

Q Total equity Total assets Net debt Implied interest rate NetDebt / LTM EBITDA
 
2025 q2 10 120+169% 57 811+22% 23 352+4% 18.8% 1.48x
2025 q1 9 846+197% 56 418+20% 22 367-1% 15.4% 1.46x
2024 q4 8 730>+200% 55 408+11% 22 571+16% 13.9% 1.57x
2024 q3 5 319+60% 47 257-10% 21 599+7% 14.9% 2.04x
2024 q2 ( 8983 , 9273 ) 3 767+115% 47 570-10% 22 515+2% 12.0% 2.18x
2024 q1 3 313>+200% 47 027-14% 22 607+5% 12.4% 2.15x
2023 q4 2 589<-100% 49 766-4% 19 498-10% 10.9% 1.91x
2023 q3 3 325>+200% 52 716+35% 20 141-8% 8.9% 2.32x
2023 q2 1 751<-100% 52 936+23% 22 041-22% 6.6% 2.67x
2023 q1 1 075<-100% 54 891+42% 21 608-6% 6.6% 3.10x
2022 q4 -480-43% 51 788+37% 21 646-6% 7.1% 3.99x
2022 q3 542-90% 39 152-10% 21 857-23% 7.4% 6.00x
2022 q2 -294-65% 42 977+14% 28 140 7.2% 8.08x
2022 q1 -545<-100% 38 573-12% 22 950+5% 7.0% 5.91x
2021 q4 -846<-100% 37 741-12% 23 037+14% 4.6%  
2021 q3 5 283+27% 43 597-7% 28 408+46% 3.4% 10.75x
2021 q2 -846<-100% 37 741-17%     5.15x
2021 q1 3 568-14% 43 803+15% 21 835+21% 3.2% 8.06x
2020 q4 2 841-30% 42 788+15% 20 288+16%   7.36x
2020 q3 4 163+165% 47 086+16% 19 497-23% 8.5% 4.56x
2020 q2 4 628>+200% 45 368+11% 19 937-22% 9.1% 3.74x
2020 q1 4 132>+200% 38 231-2% 18 061-31% 12.9% 3.15x
2019 q4 4 050<-100% 37 0870% 17 490-28% 4.0% 3.06x
2019 q3 1 570<-100% 40 463+10% 25 392+7% 6.5% 4.52x
2019 q2 1 038<-100% 40 995+11% 25 488+10% 7.1% 4.51x
2019 q1 267<-100% 38 931+5% 26 062+9% 9.2% 3.98x
2018 q4 -229-60% 37 249-1% 24 425+4% 10.5% 4.02x
2018 q3 0<-100% 36 629-1% 23 787-1% 8.2% 4.10x
2018 q2 -391-82% 37 061-2% 23 217+6% 10.8% 3.38x
2018 q1 -229-91% 37 102-2% 23 8230% 9.3% 3.62x
2017 q4 -577-81% 37 4720% 23 513 2 972.5% 3.52x
2017 q3 130<-100% 36 835 24 060 9.3% 4.13x
2017 q2 -2 232+21% 37 915+3% 21 955-11% 679.8% 7.19x
2017 q1 -2 481-20% 37 984 23 709 11.5% 15.66x
2016 q4 -3 105+119% 37 428+3%      
2016 q3 -3 105        
2016 q2 -1 852+33% 36 723+4% 24 579+1% 10.4%  
2016 q1 -3 105        
2015 q4 -1 419-32% 36 324+7% 23 446-3% 10.5%  
2015 q3          
2015 q2 -1 394<-100% 35 292-9% 24 355-1% 10.2%  
2015 q1          
2014 q4 -2 089<-100% 34 064-13% 24 132+8% 7.1%  
2014 q3          
2014 q2 4 2800% 38 580+3% 24 685+17% 7.9%  
2014 q1          
2013 q4 4 615+1% 39 138+11% 22 404+9% 7.6%  
2013 q3          
2013 q2 4 284-8% 37 422+11% 21 140+9% 7.8%  
2013 q1          
2012 q4 4 578+27% 35 210 20 573 7.3%  
2012 q3          
2012 q2 4 658+29% 33 780 19 312 7.5%  
2012 q1          
2011 q4 3 598        
2011 q2 3 598        


Cashflow


Q Operating cashflow Investing cashflow Financial cashflow
 
2025 q2 -29<-100% -991-4% 184-53%
2025 q1 1 349<-100% -1 125+16% -286<-100%
2024 q4 1 910-20% -2 861+65% 1 650+53%
2024 q3 1 842-31% -850+16% -856-26%
2024 q2 ( 8983 , 9273 ) 1 126+11% -1 031-22% 392-3%
2024 q1 -2 096<-100% -971-34% 289<-100%
2023 q4 2 388+52% -1 729+37% 1 076<-100%
2023 q3 2 6610% -732-52% -1 154+51%
2023 q2 1 016+32% -1 314+24% 406<-100%
2023 q1 1 620+8% -1 477+15% -394<-100%
2022 q4 1 571>+200% -1 261-22% -448<-100%
2022 q3 2 649+171% -1 520+21% -763<-100%
2022 q2 770-53% -1 060-21% -55<-100%
2022 q1 1 496<-100% -1 284-5% 283-84%
2021 q4 477-75% -1 610-43% 909>+200%
2021 q3 977-62% -1 259-38% 318-68%
2021 q2 1 640<-100% -1 346-6% 154
2021 q1 -413<-100% -1 349+161% 1 733>+200%
2020 q4 1 900-12% -2 812>+200% 177<-100%
2020 q3 2 596+162% -2 036>+200% 1 001>+200%
2020 q2 -5 614<-100% -1 429-50%  
2020 q1 6 506<-100% -517+63% 536>+200%
2019 q4 2 148>+200% -709+31% -704>+200%
2019 q3 991>+200% -351-43% 151-34%
2019 q2 2 053 -2 859>+200%  
2019 q1 -262>+200% -318+45% 3-99%
2018 q4 473+61% -543-35% -104<-100%
2018 q3 291<-100% -611-8% 227
2018 q2   -219-65% 3-93%
2018 q1 -72 -219-65% 558-63%
2017 q4 294 -833+99% 104<-100%
2017 q3 -37<-100% -665  
2017 q2   -623+187% 42<-100%
2017 q1   -623+187% 1 493<-100%
2016 q4   -419-22% -147<-100%
2016 q3 736-9%    
2016 q2 -349<-100% -218+84% -113>+200%
2016 q1 -349<-100% -218+84% -113>+200%
2015 q4 808>+200% -535+46% 49-82%
2015 q3 808>+200% -535+46% 49-82%
2015 q2 13<-100% -118-49% -6<-100%
2015 q1 13<-100% -118-49% -6<-100%
2014 q4 89-85% -366-51% 272<-100%
2014 q3 89-85% -366-51% 272<-100%
2014 q2 -1 033<-100% -234-63% 826<-100%
2014 q1 -1 033<-100% -234-63% 826<-100%
2013 q4 595-40% -753-37% -74<-100%
2013 q3 595-40% -753-37% -74<-100%
2013 q2 838+60% -636-27% -65-45%
2013 q1 1 262+141% -636-27% -489>+200%
2012 q4 990+68% -1 190-2% 466-48%
2012 q3 990 -1 190 466
2012 q2 524-2% -877+55% -117<-100%
2012 q1 524 -877 -117
2011 q4 588 -1 214 895
2011 q2 537 -567 3
RSBU data *The values are shown in mln. The % change shows the difference from the same period last year

View as Pivot Table       Export as Pivot Table (xlsx)



Income


Q Revenue Gross profit Operating income Net income PercentProfit PercentLoss
 
2025 q3 22 550+66% 4 365+52% 4 101+57% 1 932+31% 120-11% -1 120+21%
2025 q2 17 565+52% 1 812-4% 1 554-6% 207-48% 124+21% -1 201+40%
2025 q1 ( 9729 , 10105 ) 20 084+55% 2 843+23% 2 635+25% 1 053+32% 173+135% -1 188+43%
2024 q4 13 196+9% 144-79% -343<-100% 4 548<-100% 130+10% -1 020+37%
2024 q3 13 610+11% 2 874+13% 2 617+14% 1 4780% 135+103% -926+62%
2024 q2 11 532+4% 1 889+8% 1 653+9% 401-33% 102+64% -859+80%
2024 q1 12 927+2% 2 306-3% 2 112-3% 799-49% 74+12% -831+71%
2023 q4 12 128+8% 683+9% 282+11% -1 203-39% 118+70% -744+50%
2023 q3 12 292+16% 2 533+36% 2 294+41% 1 476+75% 67-36% -571+7%
2023 q2 11 065+16% 1 750+31% 1 511+36% 602>+200% 63-66% -477-35%
2023 q1 12 666+19% 2 382+44% 2 168+51% 1 556>+200% 66-44% -486-17%
2022 q4 11 279-1% 625-51% 254-72% -1 975<-100% 69-37% -495-3%
2022 q3 10 617+4% 1 856+29% 1 624+32% 845+18% 105+16% -535+24%
2022 q2 9 548-2% 1 334-13% 1 113-17% 92-86% 185+106% -734+83%
2022 q1 10 668+4% 1 653+40% 1 437+46% 479-21% 117+32% -586+44%
2021 q4 11 338-4% 1 283-28% 922-39% 71-81% 110 -508
2021 q3 10 182+8% 1 439+1% 1 230-1% 717<-100% 90 -432
2021 q2 9 697+17% 1 540+68% 1 346+82% 665<-100% 90 -401
2021 q1 10 238+7% 1 182-2% 984-3% 607+132% 89 -406
2020 q4 11 755+17% 1 793+61% 1 523+83% 380<-100%    
2020 q3 9 442+7% 1 427-10% 1 237-13% -393-4%    
2020 q2 8 316-3% 919-20% 740-22% -458>+200%    
2020 q1 9 609+1% 1 201-6% 1 017-9% 262-74%    
2019 q4 10 032+4% 1 112+87% 831+146% -3 706>+200%    
2019 q3 8 845-1% 1 585-22% 1 415-24% -409<-100%    
2019 q2 8 608+4% 1 152-24% 953-30% -100<-100%    
2019 q1 9 482-1% 1 283-18% 1 112-21% 1 018+130%    
2018 q4 9 630 594 338 -149    
2018 q3 8 978 2 028 1 862 82    
2018 q2 8 255 1 525 1 358 522    
2018 q1 9 531 1 564 1 400 442    


Balance


Implied interest rate for 2025 q3:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (1 120 - 120) * 4 / (20 659 - 0)

Q Total equity Total assets Net debt
 
2025 q3 15 210+94% 58 042+31% 20 6590%
2025 q2 13 628+115% 56 136+29% 22 657+4%
2025 q1 ( 9729 , 10105 ) 13 421+126% 54 873+27% 21 552-1%
2024 q4 12 368+138% 54 030+26% 21 870+5%
2024 q3 7 821+22% 44 349+6% 20 755+2%
2024 q2 6 343+29% 43 425+1% 21 684+3%
2024 q1 5 942+38% 43 178+1% 21 732+4%
2023 q4 5 191+88% 42 804+2% 20 8850%
2023 q3 6 394+31% 41 980-2% 20 269-4%
2023 q2 4 918+22% 42 784-11% 21 142-23%
2023 q1 4 316-8% 42 955-5% 20 929-5%
2022 q4 2 760-17% 42 065-2% 20 908-5%
2022 q3 4 868+41% 42 8650% 21 172-4%
2022 q2 4 023+17% 48 315+12% 27 283+24%
2022 q1 4 683+11% 45 282+3% 22 0490%
2021 q4 3 319 42 911 21 946+14%
2021 q3 3 452 42 978 21 946+14%
2021 q2 3 452 42 978 21 946+14%
2021 q1 4 204 43 988 21 946+14%
2020 q4     19 296+20%
2020 q3     19 296+20%
2020 q2     19 296+20%
2020 q1     19 296+20%
2019 q4     16 028-35%
2019 q3     16 028-35%
2019 q2     16 028-35%
2019 q1     16 028-35%
2018 q4     24 517
2018 q3     24 517
2018 q2     24 517
2018 q1     24 517
More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company